The Realme 5 series has been released in India, and has been followed closely by the Xiaomi Mi A3 in the same market. It turns out that the Mi A3 and the base model from the new line does indeed have the same processor, although the 5 has quad cameras where the Xiaomi has 3. The latter starts at INR 12,999 (~US$182), whereas the former starts at INR 9,999 ($140).
https://www.notebookcheck.net/The-Realme-5-really-does-undercut-the-Mi-A3-in-India.431236.0.html